#1 Consumer Suggestion
AUTHOR: Enrico - LAKE WORTH (U.S.A.)
SUBMITTED: Saturday, October 01, 2005
POSTED: Saturday, October 01, 2005
You are wrong by saying that "you should automatically qualify".
If that were the case, then many people would join "JUST" for the insurance, which seems to be the reason you did.
If you truly are a Knight, then you understand that they are an insurance company like the others, they have to have policies to protect themselves from individuals that want to take advantage of their A+ rated Insurance.
Focus on what the Knights are about and why they are the largest catholic fraternal organization in the world.
The satisfaction of the service you provide to your church and others out weighs evreything!
E.M 3rd Degree Kight
#2 Employee
AUTHOR: Paul - Niagara Falls (Cote D'ivoire)
SUBMITTED: Thursday, October 27, 2005
POSTED: Thursday, October 27, 2005
You are just pissed because you are unhealthy. You are a classic case of a guy who got turned down. Just because they are non-profit does not mean that you qualify for the insurance. Could you imagine the amount of people who would take advantage of the organization. If I was sick, I would buy 1 million dollars of insurance in a second. You must be real sick because the knights are quite tolerant but cannot accept some risks to protect all the other members in the order. They are not rated A++ and AAA for nothing.
If the Knights had no insurance program, there would be no Knights to support the charitable programs.
Don't be mad because you were to dumb to get insurance when you were young and/or healthy, why do you think they tell you to get it when your healthy?
They are a great organization with great values and are truly there to help out brother Knights.
#3 Consumer Suggestion
AUTHOR: D - Naples (U.S.A.)
SUBMITTED: Thursday, October 27, 2005
POSTED: Thursday, October 27, 2005
Since you are unhappy with what the Knights of Columbus aren't doing for you, why don't you quit, and take your volunteer time and donate it to some other organization. Or are they forcing you to donate your time to them?
#4 Consumer Comment
AUTHOR: Kate - Hamden (U.S.A.)
SUBMITTED: Monday, November 28, 2005
POSTED: Monday, November 28, 2005
I have the utmost respect for members of the Knights of Columbas but not for the insurance arm of it. My mother worked there for years and they treat their employees like dirt. They have to fight for even the smallest benefit while the Grand Poobah or whatever he is called was chauffered in everyday via limosine. No kidding, he really was. What a joke.
#5 Employee
AUTHOR: Daniel - Carson (U.S.A.)
SUBMITTED: Tuesday, November 29, 2005
POSTED: Tuesday, November 29, 2005
yes, people who sell always "push" their products. it is their job. it is a testament to the knights that they do not sell to everyone on whom they push their products. it is a sign of their integrity, they are not just in it for the money. as to the limosine statement, not all people who get ride in limos are necessarily wealthy, not all people who drive pintos are poor.
The knights is exist because of many things. Charity comes in many forms, one of which is time spent, the other is money spent. All of it is charity. The knights do not exist without either one, time given or money. Just like anything in life.
There is no corruption here.
#6 Consumer Comment
AUTHOR: Dok - Germantown (U.S.A.)
SUBMITTED: Monday, February 02, 2009
POSTED: Monday, February 02, 2009
Steve:
I concur with other members.
The Knights need to have high underwriting standards to keep the quality of their products high.
I am a Knight.
I know and respect the quality of their products and integrity of their agents.
You are not totally denied coverage, however.
Let me offer you one option: contact me.
I am an agent with another Fraternal Benefit society and may be able to assist you.
My email address: okeefedavidandcarol@earthlink.net
Again, please contact me.
David
#7 Employee
AUTHOR: William - Chicopee (U.S.A.)
SUBMITTED: Friday, May 29, 2009
POSTED: Friday, May 29, 2009
Sam,
First of all thank you for all of your volunteering hours, I am sure the lives you have touched are very thankful. You should feel very good about that.
I am very sorry you were turned down for "additional" insurance in the past, HOWEVER, it seems that you have forgotten that as a "dues paying member in good standing" ALL members of the Knights of Columbus HAVE a fraternal accidental life insurance benefit.
This fraternal benefit is for you AND your spouse. This benefit starts at $1,000.00 for each of you and tops out at $2,500.00 each after 4 years of your membership.
So that is $5,000.00 of accidental insurance between the both of you that you must not forget about. Review your benefits package again.
I would also speak to your field agent in GA right away or call (203) 752-4000
and ask about the Knights of Columbus "Graded Benefit Whole Life" policies that are available to you in your condition, whatever it may be.
It may cost you about $1 @ day depending on your age, but you can get MORE insurance if you'd like. Annuities, Long-Term Care and IRAs are available too.
Standard & Poors reports that 87% of the earnings of The Knights of Columbus is returned to the membership. “Its consistently strong profitability is attributable to high persistency rates, favorable mortality experience, and strong investment returns over the past 10 years.”
Supreme Knight Carl A. Anderson welcomed the news from S&P, and noted that “despite the difficulties suffered by so many well-known financial institutions due to the sub-prime mortgage crisis, we have not only remained solvent but improved our financial stability, while continuing to provide top quality products and service to our members.”
Please check it out for yourself:
http://www.kofc.org/un/eb/en/news/insurance/detail/547850.html
The Knights of Columbus financial review is available online too:
http://www.kofc.org/un/eb/en/convention_2008/resources/highlights.pdf
The Knights of Columbus have been there for Catholic families in need for over 127 years.
Sam, may this information find you healthy and happy and may God bless you and your family.
Sincerely,
Bill Wisniewski
Field Agent - MA
#8 Consumer Comment
AUTHOR: Darrin - Minneapolis (United States of America)
SUBMITTED: Wednesday, July 13, 2011
POSTED: Wednesday, July 13, 2011
My relative had life insurance with knights of Columbus, he passed away and now Kof C will not pay! Now there is talk of it going to probate but if that happens all the money that is coming to my relative will be eaten up by the lawyers. The Knights of Columbus is a horrible group of people.
#9 Employee
AUTHOR: Phoenix - Philipsburg (United States of America)
SUBMITTED: Tuesday, November 29, 2011
POSTED: Wednesday, November 30, 2011
The agent summed it up well. Our writer is disgruntled since his health precluded regular insurance. He does have the FREE $2,500 on he and his wife as long as he has maintained his membership. He can get the Graded benefit life as long as he is walking and breathing and not confined to bed or a wheelchair or oxygen for a major portion of the day. He should check into that. Annuities and IRAs are also available for added coverage.
Tax exemption is not earned by providing free insurance to everyone. The majority of profits, as stated by anotherresponder, are returned to the members in dividends and a share of excess profits. They may not (by law) be retained by the company. And, yes, this is investigated regularly to maintain the tax exempt status!
As far as our "relative" and the probate situation... It would appear that a beneficiary was named and they died with no contingent beneficiary named and no records submitted to "prove" line of family inheritance. That case would warrent probate which only occurs in such situations where eligibility is contestable. This is not the KofCs fault but the LAW. Our writer should see what steps his "relative" missed to create this probate situation.
A suggestion to all... Make sure you keep your beneficiaries updated and clearly indicated to avoid such embarrasing and costly problems. This is the insureds responsibility (or their "relative" if they are concerned that rightful inheritance be maintained.
The Knights has been doing upstanding business for its members and their families for nearly 130 years now and has even offered lessons to other financial entities on upright and profitable business procedures. They are to be commended and emulated.
Communication solves many problems before they occur.
Vivat Jesus!
#10 Owner of Company
AUTHOR: ferms1 - Marinettte (United States of America)
SUBMITTED: Wednesday, January 11, 2012
POSTED: Wednesday, January 11, 2012
I have been reading these communications from these de"greed" Knights and they call themselves Chrisitians as partners with a billion dollar Corporation. There "lies" the scam. There not credited by BBB via some assumption to saint work. Anyone can sell candy and tickets to raise money for charity and call it taking care of the sick right Knights???????????????
#11 Owner of Company
AUTHOR: ferms1 - Marinettte (United States of America)
SUBMITTED: Wednesday, January 11, 2012
POSTED: Wednesday, January 11, 2012
Yes I did not know that Knights of Columbus assumes people join for Insurance. Kiwanis, Elks, Lions, Jaycees, Hospice and many others does not offer cheap insurance for doing Charity work but Knights of Columbus assumes when a member has a beef they want insurance?? Or because they can't get covered they should not be upset because Knights of Columbus needs that money to protect their priests via legal fees???????? Being sick is a sin and concern should not be focus of Knights of Columbus?? Is that like being two-faced via charity????
#12 Consumer Comment
AUTHOR: ferms1 - Marinettte (United States of America)
SUBMITTED: Tuesday, January 31, 2012
POSTED: Tuesday, January 31, 2012
I am curious how these ranking Knights of Columbus assume that someone would join a group for insurance via hidden agendas! I became a New Knight and was excited about helping people and than my sponsor or insurance agent, a ranking Knight suggested the insurance. Hmmm I was surprised on day showing up early for meetings(I guess to early) to have the door slammed in my face sitting while officers had private meeting(ranking Knights) Sure and found some members very polite mentioning that only high ranking have closed meeting before general meetings. I was surprised how arrogant to treat new members with actions of unfriendly greetings, Christians??? I was well aware of proper "closed meetings" agenda but was not prepared for arrogant actions! I have been a past Director of the Kiwanis and other professional groups and was surprised by actions of officers if they felt like not having follow-up meeting and dismissing. What a waste of my time and positive attitude. The meetings were not prepared and the information that new members were interested in was in most cases not communicated!!! I dropped my insurance(5,000 dollars) as a added insurance because I assumed I was doing the Knights of Columbus some extra business via the reputation expressed by agent or 4th Degree. I had a problem with them still taking out payment in my electronic account after cancel or termination. Excuse from 4th Degree Knight was he sent paper work out. Dah? I might mention that I am pro-active and have written many articles via my rights as a Democrat and it was communicated to myself that some members had a problem with my articles. BS is what I say! I am a Catholic who graduated from a Catholic High School who is a volunteer Hospice people person period! I am a senior who did volunteer work for many groups long before K of C came along and can spot discrimination like a cat seeks a rat! Just pure control via a group of ranking people assuming control of my Catholic Church!
#13 Consumer Suggestion
AUTHOR: honest catholic - drexel (United States of America)
SUBMITTED: Friday, February 17, 2012
POSTED: Friday, February 17, 2012
The Knights fo Columbus is a great organization. They do alot of good things for the catholic community. And if you want to help them out give them a donation dont buy thier Insurance!!
Most of what they sell is whole life insurance. Sorry to all you agents who believe that you have to have insurance for your Whole Life. Dont you think people who can barely make it now days middle class people who work hard for thier money should learn ways to Save for retirement? I think people should get on a program to save now when thier young. So that when they get old they are not still paying for insurance.
And if you really want to know how Whole Life insurance works Read the Senate report on Whole Life Insurance. Or Whats Wrong with Your Life Insurance by Normand Dacy.
Because you see, you have what they call a savings account,that you get to 'barrow' from. Why should you have to pay interest to barrow your own money? And if you dont pay it back before you die they take that amount off of your death claim. Somethings not adding up right.
If the knights are going to sell insuance why dont they sell pure term? And teach thier fellow man to learn how to invest so that in thier golden years they can enjoy spending time with thier families while they are still alive!!
